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Strategies & Market Trends : BAK - Investing

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To: Covenant who wrote (2690)	5/16/2012 6:31:52 AM
From: normlasky	of 3249

Re: NE continues to slide "To me the real fat pitch on the oil patch is if and when brent hit between 75 and 85 if there is no war in ME.." The trend in the US is increasing oil production - last 4 weeks US output was close to 10% higher than last year while demand was down 5%. These trends are not going to reverse anytime soon. I see brent going down much further but I don't see it going to $120 in next year unless Israel bombs Iran.

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